currentprice:


GJ is good to SELL now around this blue levels, the more GJ stay @/below the levels the better change to drop. it better not to trade GJ than be on the BUY side except d levels brutally broken up to 42

Am actually on the buy side and have been buying since around 138, I have like two trades on it..I expect it to break upside, whats stopping it from going violent up is d the numbers of retailers buying it....everybody is expecting GBP pairs to drop Anne thats why it's gonna do the opposite...

Good day sirs.

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redsox11:


How's your trading coming along? I was following your journal on ff before you stop updating. Trying to double $15k large in a month.
Good trading .

Men, sorry i have been away from this area. My trading has been fine. didn't continue that mission cos the guy i was trading for refused paying me my cut even after we have made about 10k profit. so i stopped and went solo. Trade has been cool though

currentprice:


GJ is good to SELL now around this blue levels, the more GJ stay @/below the levels the better change to drop. it better not to trade GJ than be on the BUY side except d levels brutally broken up to 42

Good observation. It's not advisable to add a new buy except to ride on with a running trade bought at lower price. Considering the clusters of issues around 140.8* A retrace is likely. And If that happens. Buying around 139.5* will still be fine in my view with 142.** target.

currentprice:
since quarter of last year i posted frequently my trades here. i have been absent since the beginning of this year and no single handle ask of CP but pple will quickly ask of CP strategy. you see life even in real mkt place where there is a rival they ask of one another

i will be SELLing my oyel any moment from now.

Lol. We did. Check your mentions, you should have received about 6 to 7 mentions from this thread alone since it was created. I checked your last seen on Nairaland recently and saw that it showed Jan 4, so I thought maybe something happened to your Nairaland account or your were probably still spending Christmas with family. Anyways, welcome back. Please keep posting your charts. I don't trade oil but I learn from your entries.


I want to sincerely thank Pipnator! I can't thank you enough. Your detailed price action lectures were superb.

Also, much regards to Redsox11. You might have noticed some of your old posts were being liked recently, that was me Your strategy of sma plus price action works big time. Though, I normally frown at indicators, I have found that a combination of your strategy plus price action plus my usual fib level confirmations have really done well to improve my trades.

To other newbies on this thread, you'll do yourself a lot more good if you revisited the previous seasons and read the whole darn pages. Trust me, you'd be glad you did. I have gone through the whole season 18, I'm currently going through season 17 (should be in the last 20 pages or so), can't seem to find season 16 anywhere though, if you have the link, please share.

A trader here (I think Pipnator) once advised newbies to read and study charts and then sleep and dream the charts, that with time, their subconscious will start to piece the whole thing together. This advice is more than golden, atleast, to me it is.

I have read a lot. I'm starting to think the reading has become too much, lol. But I read and I practice. And each new day, I'm already better than I was yesterday. I study how I took some of my old trades now and I just shake my head for myself. My demo account is starting to pick up too. It's a $100 because that's what I want to start with and I trade the 0.01 strictly. Haven't blown any demo accounts yet (I hope I don't).

Inshort, thanks to everyone. You guys have been really wonderful.

harizonal123:
**Alert**
Buy
Cadjpy
Nzdchf

Sell
Usdcad
Euraud

Ending the day with a small loss of -9pips in total

infofirst:

Good observation. It's not advisable to add a new buy except to ride on with a running trade bought at lower price. Considering the clusters of issues around 140.8* A retrace is likely. And If that happens. Buying around 139.5* will still be fine in my view with 142.** target.

We are seeing 141 $oon enough.

To be honest with you. Of all the instruments I trade GJ and EJ are the most stable. They are not easily swayed by news like others. They are technical and react to price actions.

AwesomeDuru:
Lol. We did. Check your mentions, you should have received about 6 to 7 mentions from this thread alone since it was created. I checked your last seen on Nairaland recently and saw that it showed Jan 4, so I thought maybe something happened to your Nairaland account or your were probably still spending Christmas with family. Anyways, welcome back. Please keep posting your charts. I don't trade oil but I learn from your entries.


I want to sincerely thank Pipnator! I can't thank you enough. Your detailed price action lectures were superb.

Also, much regards to Redsox11. You might have noticed some of your old posts were being liked recently, that was me Your strategy of sma plus price action works big time. Though, I normally frown at indicators, I have found that a combination of your strategy plus price action plus my usual fib level confirmations have really done well to improve my trades.

To other newbies on this thread, you'll do yourself a lot more good if you revisited the previous seasons and read the whole darn pages. Trust me, you'd be glad you did. I have gone through the whole season 18, I'm currently going through season 17 (should be in the last 20 pages or so), can't seem to find season 16 anywhere though, if you have the link, please share.

A trader here (I think Pipnator) once advised newbies to read and study charts and then sleep and dream the charts, that with time, their subconscious will start to piece the whole thing together. This advice is more than golden, atleast, to me it is.

I have read a lot. I'm starting to think the reading has become too much, lol. But I read and I practice. And each new day, I'm already better than I was yesterday. I study how I took some of my old trades now and I just shake my head for myself. My demo account is starting to pick up too. It's a $100 because that's what I want to start with and I trade the 0.01 strictly. Haven't blown any demo accounts yet (I hope I don't).

Inshort, thanks to everyone. You guys have been really wonderful.

Season 15:
https://www.nairaland.com/2070588/forex-trading-season-15
Season 16:
https://www.nairaland.com/2835045/forex-trading-alerts-season-16

Fxwarrior:
GJ buystop at 140.00
Stop loss at 139.00
Target 143.00

EJ buystop at 124.00
Stop loss at 123
Target 126.00

Total: 500 pips

Duration: Now to next week.

I will exit this trade tomorrow, on or before 12 noon. That doesn't invalidate the call though. Its just part of my trade plan. Never to leave a trade open during weekend.

Darkpal:

Season 15:
https://www.nairaland.com/2070588/forex-trading-season-15
Season 16:
https://www.nairaland.com/2835045/forex-trading-alerts-season-16

Thanks so much

Fxwarrior:


We are seeing 141 $oon enough.

Doing it bro.

GJ alone is more than enough. You get liver to trade both same time. Ride on.

M

infofirst:


Doing it bro.

GJ alone is more than enough. You get liver to trade both same time. Ride on.

They move in the same direction.

UJ..

Will TP on this one soon.
You can see price just kissed the MA on the daily which to me is a sign bears might be coming on.

@infofirst.. added the last position as seen on the 4hrs after i got the confirmation with you MA.

@awesomeduru ..
Glad the charts were helpful.
Will start posting again soon.

Fxwarrior:
I can't fathom any direction for the market now. Any alert I post before 10:30am is a mere gamble. Although my sentiment is bullish for GBP.

Even gold is stingy nowadays.

GBP bullishness confirmed. Next week looks promising.

Fxwarrior:
M


They move in the same direction.

Exactly. And they are two monster. Full of fire on their day of strength. They can make or wreck man pikin trading account.

PIPnator:
UJ..

@infofirst.. added the last position as seen on the 4hrs after i got the confirmation with you MA.

The weekly candle two weeks ago in uj no fit let me sell uj o. It's either wait for pull back and fire up or nothing.
UJ has an important business in North Africa. Just a matter of patience.

Fxwarrior:


GBP bullishness confirmed. Next week looks promising.

Pull back and fire. That's it.
But this your Gold dey too dull o this week.

infofirst:

The weekly candle two weeks ago in uj no fit let me sell uj o. It's either wait for pull back and fire up or nothing.
UJ has an important business in North Africa. Just a matter of patience.

UJ will want to most likely copy Gj move.

I need a good indicator for support and resistance levels. Anyone that have should lease send it to me. Bestedek@yahoo.com.
Thanks

UJ ehhhhh..
Glad i didnt close yet..

Hopium:



It's been a long time I kept a journal of my trade analysis. I did today, and I'm loving what I wrote in it. I'll do this more often as it helped gain focus on the little details.

--------

USDJPY CHART ANALYSIS - The "Why" for a Buy Signal

The Weekly Chart:
- Price bounced from a weekly support after a high momentum downtrend from 113.570; this happen two weeks ago.
- The long wick indicated a rich demand zone (buying zone) and a sign of trend reversal.
- The RSI is very oversold.
- Price is still close to the EMA 200. Price could potentially retest the EMA and flip it to a support.

The Daily Chart:
- Price started printing lower highs since the bounce. This indicates the prowess of the bulls and show that bulls are taking control.
- There is a 40+ pips gap expected to be filled.
- Price is currently at a KEY resistance level (108.768). A flip of this resistance to support, with good volume/strength, will signal a good buy signal. Watch out for fake breakout. There is a buildup on the 4H chart now (a textbook pattern to be precise); the MACD is showing a low volatility; you know what comes after a long period of low volatility, so, be on the lookout.
- Also see the move down from 113.570. Notice how violent it was, almost a vertical downtrend. This give me more confidence that this bounce is swing in the trend.
- The price is currently far from 50 and 200 EMA, a rubber band effect may come into play.

BUY ENTRY:
- A flip of the 108.768 resistance to support.
- The MACD showing sign of momentum and volatility to the upside on the 4H chart.
- A second entry above 109.071 (The current high of this swing)

TARGET: 111.20

Trade is active.

Aiming for a Gold short. Usdjpy and Gold are highly negatively correlated.

Omoedeki:
I need a good indicator for support and resistance levels. Anyone that have should lease send it to me. Bestedek@yahoo.com.
Thanks

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PIPnator:
UJ ehhhhh..
Glad i didnt close yet..

thumb up.

Tunderr:
Share what you do, maybe I could see a way to help , others could help too. It's not all about take , it's about give and take

I am still demo trading.......
I recently learnt price action trading. Initially I was scalping but I realized just one loss could equalt my 5 wins (life of a scalper) until I switched to the daily timeframe.
Lesson: Higher timeframe are very recommended for price action trading.

**Alert **

Sell
Chfjpy
Nzdcad

House I think I have found a way to deal with greed and indiscipline in trading.

To deal with greed , set realistic targets or time to close the trade.

To deal with overtrading/indiscipline; have a selected instruments to trade and use daily or 4 hour chart to confirm entry.

For me once I forecast and select instruments to trade, I delete the other instruments. Whatever they are doing is not my concern. That way I don't get tempted.

Fxwarrior:
House I think I have found a way to deal with greed and indiscipline in trading.

To deal with greed , set realistic targets or time to close the trade.

To deal with overtrading/indiscipline; have a selected instruments to trade and use daily or 4 hour chart to confirm entry.

For me once I forecast and select instruments to trade, I delete the other instruments. Whatever they are doing is not my concern. That way I don't get tempted.

Instruments I don't trade and ve deleted from my platform are gold , oil, Eurnzd, Gbpjpy,Gbpaud,Gbpcad,Gbpnzd. Even if you place a good SL ,you need to give enough allowance for your trade to breath. Just image trading three of these at same time and the trade goes against u. It wipes out all your profits u have made including part of your capital. At the end of the day its like three steps forward and seven steps backward. No reasonable progress has been made

harizonal123:

Instruments I don't trade and ve deleted from my platform are gold , oil, Eurnzd, Gbpjpy,Gbpaud,Gbpcad,Gbpnzd. Even if you place a good SL ,you need to give enough allowance for your trade to breath. Just image trading three of these at same time and the trade goes against u. It wipes out all your profits u have made including part of your capital. At the end of the day its like three steps forward and seven steps backward. No reasonable progress has been made

Okay. Which ones do you trade? One man's meat is another man's palava. 70% of my instruments are among those you deleted.

Fxwarrior:


Okay. Which ones do you trade? One man's meat is another man's palava. 70% of my instruments are among those you deleted.

Yes o! Everyone just have to find out what works for them.
At the moment they are 22 of them that I trade which includes all major currency pair crosses except those ones mentioned. Ever since I deleted them,I have been trading with peace of mind and have been making consistent profit on a weekly basis. Unlike before when I open my platform and see something like -165pips down .I will now become a prayer warrior hoping it would reverse. Instead the loss just keep increasing and the pain keep increasing before u know it, I'm out of your mind. That's how emotion set's in.

Possible outcome of any trade

1) Small profit
2) Big profit
3)BE
4) Small loss
5) Big loss

Deleting those instruments has helped me in eliminating No 5 on the list to a great extent

harizonal123:

Instruments I don't trade and ve deleted from my platform are gold , oil, Eurnzd, Gbpjpy,Gbpaud,Gbpcad,Gbpnzd. Even if you place a good SL ,you need to give enough allowance for your trade to breath. Just image trading three of these at same time and the trade goes against u. It wipes out all your profits u have made including part of your capital. At the end of the day its like three steps forward and seven steps backward. No reasonable progress has been made

Knowing how to size your position based on instruments volatitlity is part of money management.

I don't use the same lot size for all trading pairs. I could use 1 lot for a trade on EURUSD and 0.4 on GBPJPY because of volatility. I aim for a much lower pip value on volatile pairs when setting my SL. The ATR indicator often come in handy in this situation.

The money is in the volatility. If you know how to work with it, it will become your friend.

Profit taken. May next week be as good as this week.

$240 banked.

Happy weekend.